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Is a five-day workweek followed by a two-day weekend a socially optimal schedule? This paper presents a model in which labor productivity and the marginal utility of leisure evolve endogenously over the workweek. Labor productivity is shaped by two forces: restfulness, which decreases over the...
Persistent link: https://www.econbiz.de/10012969787
consumer support estimates in fact captures price gaps as market transfers to producers or consumers. Differences in subsidy … valuation arise from assumptions made to compensate for missing data and the scope of subsidy measurement. Having a common … countries and sectors, benchmarking pricing, and assessing subsidy policies. Subsidy measurement should not be viewed as a one …
Persistent link: https://www.econbiz.de/10012971973
To finance the transition to low-carbon economies required to mitigate climate change, countries are increasingly using a combination of carbon pricing and green bonds. This paper studies the reasoning behind such policy mixes and the economic interaction effects that result from these different...
Persistent link: https://www.econbiz.de/10012864368
The steep decline in the world oil price in the last quarter of 2014 slashed fuel price subsidies. Several governments … recovery. Other governments took advantage of low world prices to increase taxes and other charges on fuels. However, the … government and consumers to get accustomed to fluctuations in world fuel prices and exchange rates. By contrast, freezing prices …
Persistent link: https://www.econbiz.de/10012969897
burden of heat stress experienced by much of the world?s population in the coming decades. What will the distributional …
Persistent link: https://www.econbiz.de/10012970675
Poor management has long been suspected as a major constraint on job creation in the manufacturing sector in low-income countries. In this sector, countless micro and small enterprises in industrial clusters account for a large share of employment. This paper examines the roles of industrial...
Persistent link: https://www.econbiz.de/10012974799
Migration and trade are often linked through ethnic networks boosting bilateral trade. This study uses migration to quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel estimates connecting country-industry productivity and...
Persistent link: https://www.econbiz.de/10012958899
This paper provides an empirical analysis of economic and political determinants of gasoline and diesel prices for about 200 countries over the period 1991-2010. A range of both political and economic variables are found to systematically influence fuel prices, and in ways that differ...
Persistent link: https://www.econbiz.de/10012974285
Commodity price increases associated with the entry of China, India, and other countries into the world economy have …
Persistent link: https://www.econbiz.de/10012976535
This paper investigates the optimal timing of greenhouse gas abatement efforts in a multi-sectoral model with economic inertia, each sector having a limited abatement potential. It defines economic inertia as the conjunction of technical inertia -- a social planner chooses investment on...
Persistent link: https://www.econbiz.de/10012975084